Translation Purposes Only
August 28, 2024
For Immediate Release
Real Estate Investment Trust Securities Issuer
1-11-30 Akasaka, Minato-ku, TokyoXYMAX REIT Investment Corporation (XYMAX REIT)
Representative:
Yasushi Yamaguchi, Executive Director(Securities Code: 3488)
Asset Management Company
XYMAX REAL ESTATE INVESTMENT ADVISORS
Corporation
Representative:
Hideki Fukae
Representative Director and President
Contact:
Tatsuya Nakayama
Head of REIT Management Department
TEL: +81-3-5544-6880

Notice of Borrowing of Funds
XYMAX REIT Investment Corporation (hereinafter “XYMAX REIT”) has decided to borrow funds (hereinafterthe "Borrowing") as follows:
Description
1.

Content of this borrowing

Classification(Note 1)

LenderShort term

MizuhoBank, Ltd.

BorrowingAmount (Millionyen)
186

Interest rate
Base rate+0.15000%(Note 3)(Note 4)-Draw-down
Date
2024
September 6

Borrowing Method
Borrowing based on aLoan agreement withthe lender shown atleft as Lender-Maturity
Date(Note 2)

Principal
Repayment
MethodCollateral

2025
January
31

Due Date
All at once
Repayment

Unsecured
Nonguaranteed---

186
Total
(Note 1) "Short-term" refers to borrowings with a maturity of one year or less from the Drawdown date.
(Note 2)

If the maturity date is a non-business day, it shall be the following business day. If such day falls in the following month, it

shall be the immediately preceding business day.
(Note 3)The base rate applicable to the period for the calculation of the interest payable on an interest payment date is the JBA one-month Japanese Yen TIBOR as of a date two business days prior to the interest payment date immediately preceding eachinterest payment date. However, if the base rate applicable to the calculation period doesn’t exist, the base rate will be the one
corresponding to the period that will be calculated based on a method provided in the agreement. Please refer the website ofthe JBA TIBOR Administration (http://www.jbatibor.or.jp/english) for the JBA Japanese Yen TIBOR.
(Note 4)The interest payment date will commence on the last day of September, 2024 and the last day of each month thereafter aswell as on the Maturity date. (If an interest payment date is a non-business day, it shall be the following business day. If suchday falls in the following month, it shall be the immediately preceding business day.)(Note 5) This Notice is based on the Notice of Evaluation Results for Financing issued by Financial Institutions with regard to theBorrowing. However, the Notice does not guarantee the execution of financing.

2.

Reasons for Borrowing
XYMAX REIT will use the funds as part of the payment for the acquisition of the Asset to be acquired andrelated expenses announced in "Notice of Acquisition and Leasing of Domestic Real Estate Trust BeneficialInterests (karaksa hotel Sapporo (20% quasi-co-ownership interest))" as of today.

3.

The amount, use and scheduled outlay of expenditure of funds to be procured.
(1) Amount of funds to be raised
186Million yen(2) Specific uses of funds to be procured
The funds to be used as part of the purchase price t of the asset to be acquired and related expenses statedin "2. Reason for Borrowing" above.
(3) Scheduled outlay
September 6, 2024

4.

Balance of interest-bearing debt after this loan
Before the Borrowing
Short-term loans (Note 1)
Long-term loans (Note 2)

Total loans
Investment corporation bonds
Total loans and investment
corporation bonds
Other interest-bearing liability
Total interest-bearing debt

(Millions of yen)
Change18,71518,7151,000

After execution of theBorrowing
186
18,715
18,9011,000

19,715

19,901

186

19,715

19,901

186(Note 1)

Short-term loans refers to loans for a period from the drawdown date to the maturity date of one year or less.

(Note 2)Long-term loans refers to loans for a period from the drawdown date to the maturity date of more than one year

5.

186
186
-OtherConcerning the risks to the borrowings described above, there are no material changes from the “Investmentrisks” of the "Part I Fund Information/1. Status of the Fund/3. Investment Risks" section of the Securities
Report submitted on May 30, 2024.

* XYMAX REIT website address: https://xymaxreit.co.jp/en/index.html